Note 48 Current and accrued liabilities

€ million

2024

2023

Amounts owed to suppliers and trade credits

22

25

Tax and social security contributions

108

117

Liabilities in respect of pensions

7

6

Interest-bearing debt

1

901

Other liabilities and accruals

109

108

     

Total short-term liabilities

247

1,157

The short-term liabilities and accruals relate to trade payables, taxes payable and the other short-term liabilities. Amounts owed to suppliers and trade credits include amounts payable of zero to non-controlling interests (2023: €14 million). As at year-end 2023, interest-bearing debts chiefly concerned the short-term loan of €500 million under the ECP programme and a repayment obligation of €400 million, both of which were settled in 2024.